The Oyo state government has announced its resolve to award the construction of Gedu-Oroki-Sabo-Asipa road in Oyo town.
According to a release made available to News Live Nigeria and signed by the Chief Press Secretary to governor Seyi Makinde, Taiwo Adisa, the contract is awarded to AMAC Engineering Ltd and is to be completed in twenty-eight months.
The Commissioner for Energy and Mineral Resources, Barr. Temilolu ‘Seun Ashamu, hinted that the State Executive Council awarded the contract for the construction of Gedu-Oroki, Sabo Asipa Road in Oyo Township for a total sum of Two Billion and Nine Hundred Million (N2,900,000,000) to Messrs AMAC Engineering Ltd, under the Alternative Project Funding Approach, which will see the contractor execute the project with its funds while the state will repay over a period of 28 months.
“The State’s EXCO today resolved to award the Gedu-Oroki-Sabo-Asipa road in Oyo township, under the APFA to Messrs AMAC Engineering Ltd, for a total sum of N2,900,000,000. The contractor shall use their fund to complete the project and the state government shall repay over a period of about 28 months,” Ashamu said.